PYMNTS

JANUARY 28, 2020

’s newest real-time payment rails, the RTP network, is looking to expand the opportunity for payers to use the faster payment rail by increasing transaction limits. 1, a move that could encourage broader use of RTP in the B2B payments arena. Same Day ACH spiked an impressive 39 percent during Q4, hitting 71.3

Same Day ACH

PYMNTS

FEBRUARY 4, 2019

This rapid expansion is fueling predictions that the global real-time payments market will rise from a value of $6.8 percent, according to a Markets and Markets Research report. . Numerous payments schemes have rolled out since the U.K. launched its own Faster Payments Service in 2008. Faster Rails.

Faster Payments

PYMNTS

SEPTEMBER 2, 2016

Not only are Same Day ACH payments on the way, but they are expected to have huge impacts on the way payments are made throughout the payments landscape. As we learned in last week’s installment of the Countdown to Same Day ACH podcast series, the first phase of the Same Day ACH initiative launches on Sept.

Faster Payments

PYMNTS

NOVEMBER 5, 2018

“More people than ever are benefitting from Same Day ACH. With the enhancements to Same Day ACH, the ACH Network is delivering the capabilities requested by corporate end users.”. ACH may be the most popular ePayments rail option for B2B transactions in the U.S. billion ACH debit and nearly 2.3

Small Business

PYMNTS

MARCH 30, 2018

When it comes to faster payments, B2B payments aren’t necessarily chomping at the bit for the capability. According to NACHA statistics on Same Day ACH, nearly 2 million debits were made in just the first 11 days of service, accounting for a combined $1.5 Faster payments are “the No.

Payroll

PYMNTS

AUGUST 24, 2016

From Same Day ACH to paycard controversies , a few recent news stories have placed payroll in center stage. New research from payments technology firm Hyperwallet is placing data behind the need for employers to come through on payday. That doesn’t mean payday is without challenges for every worker.

Faster Payments

PYMNTS

OCTOBER 29, 2020

Firms are also looking at options like same-day ACH and The Clearing House 's RTP network as they explore how to speed up B2B transactions. Businesses also demand quicker payments from their corporate clients. Find more about these and the rest of the Real-Time Payments headlines in the Report.

Faster Payments

PYMNTS

SEPTEMBER 4, 2018

Corporates may not be adopting faster and real-time payments technologies as fast as consumers, but that doesn’t mean the acceleration of payments isn’t impacting corporate finance. But FX management isn’t the only area of corporate treasury seeing positive disruption from faster payments.

Faster Payments

PYMNTS

AUGUST 3, 2017

The faster payments get, the less tolerable waiting becomes for customers, businesses and other financial players. But in late July, one of the biggest waits in the payments industry came to an end. faster payments system, efforts by NACHA to standardize APIs across the industry and recent investments in blockchain solutions.

Community Banks

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. faster payments system. faster payment system. faster payment system.

Community Banks

PYMNTS

SEPTEMBER 4, 2018

With companies paying suppliers on strategic schedules, real-time transactions aren’t always necessary — or beneficial — for the B2B payments space. Yet there is some adoption of faster payment technologies among corporates. In the U.S., It’s not huge, but it’s not dismissible, either. “As

Faster Payments

PYMNTS

JUNE 21, 2018

But a company’s interest and efforts to adopt new technologies does not always mean that all B2B payment processes are improved. Instead, new research suggests that the enterprise is embracing some tools and tech (but not all), and applying them to some aspects of B2B payments (but not all). Room for Improvement.

Faster Payments

PYMNTS

JUNE 27, 2019

New faster payment initiatives are popping up around the world, from Saudi Arabia to Brazil to Australia. According to the latest PYMNTS Faster Payments Tracker , Same Day ACH volume has seen a 24 percent increase year over year between the first quarter of 2018 and the first quarter of 2019.

Faster Payments

PYMNTS

MARCH 8, 2017

With hundreds of billions of dollars changing hands each year, B2B banking and payments is a big, big deal. According to industry research, the B2B payments industry moves roughly $550 billion each year, making up roughly half of the $1.2 trillion global payments market. . Enter the new PYMNTS.com B2B API Tracker™.

B2B

PYMNTS

OCTOBER 1, 2020

However, only 51 percent of receivers said they were offered a payment choice for insurance- and lending-related payouts. Consumers might not recognize similar payment options as distinct from each other, like standard ACH and same-day ACH. That gap stems from several sources. Fast Fact No.

Instant Payments

PYMNTS

DECEMBER 5, 2017

Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. But, with this progress comes friction in the form of a payments patchwork. What Does ‘Faster Payments’ Really Mean? Faster than what?

Consumer

PYMNTS

JANUARY 15, 2018

Adoption of electronic payments seems buoyed at about 50 percent, according to research. Last June, NACHA and the Credit Research Foundation said that at present, paper checks make up half of B2B transactions received in the accounts receivable department; ACH accounts for less than a third.

B2B

PYMNTS

MARCH 7, 2018

From community banks to central banks, the need for faster payments is gripping financial institutions (FIs) of all shapes and sizes. FIs worldwide are making bold pushes to increase their payment speed, from Australia’s new real-time payments scheme to Saudi Arabia’s turn to blockchain. Around the Faster Payments scene.

Same Day ACH

PYMNTS

OCTOBER 8, 2018

launched its Faster Payments scheme, after the regulator said the banks had to comply, but has amped up ever since, as regulators in a few other countries have followed in the U.K.’s ACH rails now settle same-day, three times a day. It may have started in 2007 when the U.K. s footsteps. Here in the U.S.,

B2B

PYMNTS

DECEMBER 4, 2019

Recent analysis from Juniper Research found that blockchain-powered cross-border B2B payments are expected to reach a $4.4 ” ACI Worldwide Joins Faster Payments Initiatives. Electronic payments and banking solution provider ACI Worldwide recently showed its support for U.S.

B2B

PYMNTS

JULY 14, 2017

For example, last month a survey from Dun & Bradstreet and the Pepperdine Graziadio School of Business and Management released new research on companies’ cash flow management challenges. Researchers noted that slow AR negatively affects a company’s ability to grow, especially for the smallest of businesses.

ACH

PYMNTS

FEBRUARY 20, 2018

Same Day ACH became a reality in 2017 after the National Automated Clearing House Association (NACHA) introduced its faster payments infrastructure to the market. Card networks have also taken measures to increase their presence in the B2B payments market. In the U.S.,

Cross-Border Payments

PYMNTS

JANUARY 2, 2017

It was a busy year throughout the world of payments, with plenty of new technology making headlines along the way. As the year opened, our inaugural Faster Payments Tracker™ looked at the looming arrival of the new Same Day ACH. FASTER PAYMENTS TRACKER. made its much-anticipated rollout.

ACH

PYMNTS

MARCH 5, 2018

Business-to-business (B2B) trade, especially when deals occur across borders, expose businesses to all sorts of risks, like non-payment (on the supplier’s side), or non-deliver (on the buyer’s side). Research from Atradius released in 2016 found that risks down the supply chain are 75 percent higher than they were pre-financial crisis.

Risk

PYMNTS

SEPTEMBER 8, 2016

Same Day ACH is on the cusp of entering the market, blockchain startups are making their visions a reality with bank partners and the financial services industry as a whole, it seems, is ready to make payments faster and more digital. But in B2B payments, are corporates ready to participate in this new ecosystem?

Same Day ACH

PYMNTS

DECEMBER 24, 2018

It seems like every time somebody does some research on this topic,” observed Divitt, “the numbers tend to grow.”. Well, they’re still entrenched in the corporate world, as roughly 50 percent of payments from business are completed through checks. That seems to be changing, as 47 percent of businesses are using same-day ACH credit.

Financial Crimes

PYMNTS

JULY 25, 2018

. “A lot of companies … will use ACH for more traditional things like rent, and for larger transactions from time to time, when people don’t want to put it on their credit line,” he said.

ACH

PYMNTS

JULY 16, 2018

Both species, a new study conducted by researchers at the University of Minnesota Medical School has found, express profound regret over how much time is spent waiting for something to happen. The concept these researchers were testing in economic parlance is that of sunk cost. Scientists say that humans have a lot in common with mice.

On-Demand

Nanonets

MARCH 24, 2023

NACHA certification – This certification serves as a trust signal to your customers, indicating that your business adheres to the rules of the ACH network. Guidelines for same-day ACH – The rising usage of ACH has resulted in a same-day payment alternative (which is pretty fast as far as business payments are concerned!).

Wires

PYMNTS

SEPTEMBER 7, 2017

On new solutions, I spend time in fundamental research analyzing new market trends, topics and use cases and exploring how to develop innovative technologies to expand into those areas. There is a global demand and initiative for faster payments. We already see new capabilities, such as Same Day ACH.

Same Day ACH

PYMNTS

MAY 10, 2018

WEX’s Payments Pulse Data report published last year found payment security to be suppliers’ No. Both of these reports confirmed that for businesses, security trumps speed when it comes to payments. Corporates are undoubtedly in need of enhanced payments security. When NACHA introduced Same Day ACH in the U.S.,

B2B